Visa, Blockchain Capital back $40 million round for crypto custodian Anchorage
Visa and Blockchain Capital have thrown their weight behind Anchorage with participation in a $40 million Series B funding round. Anchorage is working toward custody for all digital asset types through its hardware security module (HSM), an alternative to cold wallet systems used by main competitors Coinbase Custody and BitGo. As Twitter user Ryan Todd points out, two-fifths of Visa's 2019 capital investments have been into crypto firms.
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